Another stock that has performed well this year is DeVry (DV
). DeVry, which appreciated more than 31%, is a For-Profit education company that was established over eighty years ago. Today, most people think of DeVry as a company that offers IT and Accounting degrees. This is true but DV also has a large medical school, a nursing school, a CPA test-preparation business, and a Brazilian operation that includes a couple of schools. DV's medical school, Ross University, produces more medical residents for U.S. hospitals than any medical school in the U.S. The company's Becker Professional Education division is synonymous with CPA review programs. Its Chamberlain College of Nursing is growing to meet the inexorable demand for nurses in the U.S. These latter schools, along with the company's Brazilian schools, are doing very well.
From FPA Capital's second quarter 2013 commentary